K M the agent who said you needed a license and FSBO 's are not legal is incorrect in CA its totally legal to sell your own properties.And of course nary a few Non agents use these forms or disclosures and they just sell their properties with a simple contract and open escrow and off you go.I have been funding a bunch of Homepath and Fannie stuff the last 60 days and these companies have lead base paint disclosures and other statutory disclosure requirements.And not providing Sellers disclosures have different penalties in different states.

I've seen cases where BPOs were done without the agent/appraiser even going into the property, so to say that the bank has factored rehab costs into the equation is many times flat-out incorrect.

@Grant Kemp You are incorrect...this is a commercial property not a single family residence.

Perhaps I am incorrect.

(the removal of the title agent now with agents becoming 'broker') Titled roles are falling under words that we think we understand well but really do not look to their true meaning and origin and thus we incorrectly create safe havens for our actions.

Indicators for such lenders are those who have no license and who don't register, charge points and run afoul of lending regulations.....not saying that's your case, just indicators.Private money is from an individual who is not in the lending business, investors try to use the term but incorrectly.

You don't want a special assessment for new siding or roof soon after you purchase.Matt's calculations are incorrect because he's using the $450/mo as the debt service, when it actually includes HOA & insurance.

I feel that if my attitude is getting fired up by anything in my real estate business, then I am doing something wrong or perceiving things incorrectly.

Am I incorrect that the tenant/landlord laws in California tend to be more pro-tenant?

For anyone more experienced at this, please let me know if I am on the mark or incorrect so I make sure I am understanding it correctly as well!